Cash Dividends Kerry Company has 950 shares of $100 par value, 9 preferred stock and 8,500 shares of $10 par value common stock outstanding. The preferred stock is cumulative and nonparticipating. Dividends were peld in 2013. Since 2013, Kerry has declared and paid dividends as follows: 2014 $0 2015 2016 2017 10,250 20,000 24,100 Required: 1. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2015 to 2017. If an amount is zero, entero Year Preferred Dividends Common Dividends 2015 2016 2017 2. If the preferred stock had been no cumulative how much would have been allocated to the preferred and common stockholders each year? Year Preferred Dividends Common Dividends 2015 000 2016 2017